T&T’s oil production shows signs of stabilising in 2026
Trinidad and Tobago’s crude oil and condensate production averaged 54,209 barrels per day in Q1 2026, up from 53,782 bpd in 2025 and higher than Q1 2025 by about 4.7%, according to the Ministry of Energy and Energy Industries’ Monthly Consolidated Bulletins. January averaged 54,052 bpd, February 55,244 bpd, March 53,431 bpd. Gains were led by EOG Resources, Perenco, and bpTT.
How this was made
The 30-second read
Why it matters
It frames early-2026 production as stabilizing, with government projections for higher averages through 2029, but it provides no direct financial guidance or market reaction.
Market read
For traders, the actionable element is the direction of early-2026 production and the stated government path for 2026-2029, but the lack of financial linkage limits immediate trading impact.
What to watch
The article does not address field downtime, decline rates, condensate quality, or realized prices, which can dominate financial outcomes even if bpd volumes rise.
Background
The article cites Trinidad and Tobago’s Ministry of Energy and Energy Industries monthly consolidated bulletins and compares 1Q26 output to 2025 and earlier years of decline.
Ticker impact
EOG Resources’ crude and condensate output averaged 3,821 bpd in 1Q26 versus about 1,773 bpd in 1Q25, driving national gains.
Likely limited near-term impact on EOG shares unless investors treat Trinidad volumes as a material earnings lever.
The article provides production volumes but no financial linkage, guidance, or market reaction; Trinidad output is likely a small portion of EOG’s total.
Market effects
Adds evidence of stabilization in Trinidad and Tobago crude output, which can marginally support regional supply expectations for near-term oil balances.
Positive read-through for Trinidad upstream operators and service activity tied to drilling and maintenance schedules.
Likely small versus global supply, but can influence sentiment around mature-basin recovery narratives in the Caribbean.
Counterpoint
Three months of data are insufficient to confirm a sustained recovery; production could revert if drilling timing or maintenance disrupts later quarters.
Key entities
- sovereign/energy sectorTrinidad and Tobago (national oil production)
Crude oil and condensate averaged 54,209 bpd in 1Q26, up modestly versus 2025 and improving from 2024 lows.
- operatorEOG Resources
Crude and condensate averaged 3,821 bpd in 1Q26 versus about 1,773 bpd in 1Q25.
- operatorbpTT
Liquids production averaged 4,906 bpd in 1Q26 versus about 3,263 bpd in 1Q25.
- operatorPerenco
Average production reached 10,156 bpd in 1Q26 versus about 8,309 bpd in 1Q25.
